Asia Pacific Data Group’s increased offer

Company News

by David Murdoch

Asia Pacific Data Group (ASX:AJD) shareholders are set to benefit with 360 Capital lifting their take over proposal 15 cents per share to $1.95.

The scheme proposal comprises close to a 25 percent premium to the $1.56 closing price for AJD securities on the 1st of May 2017.

It also represents a 3.7 per cent premium to the takeover offer by NEXTDC (ASX:NTX) of $1.87 per share dated August 14 2017.

360 Capital says the offer is a compelling opportunity for Asia Pacific Data Group’s shareholders to secure a substantial premium on the NEXTDC offer.

Asia Pacific Data Group’s board say it will make a further announcement when it has considered the revised proposal in detail.

Shares in Asia Pacific Data Group (ASX:AJD) are trading 3.46 per cent higher to $1.95